Somerville Kurt F lessened its holdings in Home Depot Inc (NYSE:HD) by 2.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,616 shares of the home improvement retailer’s stock after selling 1,775 shares during the quarter. Home Depot makes up 2.4% of Somerville Kurt F’s holdings, making the stock its 19th largest holding. Somerville Kurt F’s holdings in Home Depot were worth $13,019,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of HD. Enterprise Trust & Investment Co purchased a new position in Home Depot in the third quarter valued at about $27,000. Belmont Capital LLC purchased a new position in Home Depot in the fourth quarter worth $28,000. Julex Capital Management LLC purchased a new position in Home Depot in the third quarter worth $29,000. Proffitt & Goodson Inc. increased its position in shares of Home Depot by 106.2% during the third quarter. Proffitt & Goodson Inc. now owns 134 shares of the home improvement retailer’s stock worth $31,000 after purchasing an additional 69 shares in the last quarter. Finally, Financial Advantage Inc. acquired a new position in shares of Home Depot during the third quarter worth $37,000. 69.87% of the stock is owned by hedge funds and other institutional investors.
In other Home Depot news, EVP Teresa Wynn Roseborough sold 12,974 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $213.70, for a total value of $2,772,543.80. Following the completion of the sale, the executive vice president now directly owns 26,335 shares in the company, valued at approximately $5,627,789.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Craig A. Menear sold 113,468 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $211.24, for a total value of $23,968,980.32. Following the completion of the sale, the chief executive officer now directly owns 277,604 shares of the company’s stock, valued at $58,641,068.96. The disclosure for this sale can be found here. Insiders have sold 126,552 shares of company stock worth $26,765,281 over the last 90 days. 0.27% of the stock is currently owned by company insiders.
Shares of Home Depot stock opened at $224.59 on Thursday. The firm has a market capitalization of $243.05 billion, a PE ratio of 22.71, a P/E/G ratio of 1.97 and a beta of 1.00. Home Depot Inc has a twelve month low of $172.00 and a twelve month high of $239.31. The firm’s 50-day moving average price is $218.89 and its 200 day moving average price is $222.23.
Home Depot (NYSE:HD) last issued its quarterly earnings results on Tuesday, November 19th. The home improvement retailer reported $2.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.53. Home Depot had a negative return on equity of 721.00% and a net margin of 10.01%. The firm had revenue of $27.22 billion for the quarter, compared to analyst estimates of $27.51 billion. During the same period in the previous year, the company posted $2.51 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Home Depot Inc will post 10.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $5.44 dividend on an annualized basis and a yield of 2.42%. Home Depot’s payout ratio is presently 55.01%.
Home Depot Profile
The Home Depot, Inc operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as provide installation, home maintenance, and professional service programs to do-it-yourself and professional customers.
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